AB High Yield ETF (NYSEARCA:HYFI) Short Interest Update

AB High Yield ETF (NYSEARCA:HYFI) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,899 shares, a decrease of 86.8% from the July 15th total of 14,420 shares. Based on an average daily volume of 29,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On AB High Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYFI. LPL Financial LLC lifted its holdings in AB High Yield ETF by 17.5% during the fourth quarter. LPL Financial LLC now owns 2,794,927 shares of the company’s stock valued at $105,033,000 after purchasing an additional 416,410 shares during the last quarter. Wagner Wealth Management LLC raised its position in shares of AB High Yield ETF by 2.2% in the first quarter. Wagner Wealth Management LLC now owns 660,984 shares of the company’s stock valued at $24,582,000 after purchasing an additional 14,458 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of AB High Yield ETF during the 1st quarter valued at approximately $24,402,000. Assetmark Inc. lifted its stake in shares of AB High Yield ETF by 0.8% during the 1st quarter. Assetmark Inc. now owns 449,535 shares of the company’s stock valued at $16,718,000 after buying an additional 3,585 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of AB High Yield ETF by 12.9% during the 3rd quarter. Raymond James Financial Inc. now owns 297,933 shares of the company’s stock valued at $11,308,000 after buying an additional 33,970 shares in the last quarter.

AB High Yield ETF Stock Performance

Shares of HYFI traded up $0.05 during mid-day trading on Thursday, hitting $37.24. The stock had a trading volume of 23,453 shares, compared to its average volume of 41,043. The business has a fifty day moving average price of $37.19 and a 200-day moving average price of $37.33. AB High Yield ETF has a 52 week low of $36.64 and a 52 week high of $38.27.

About AB High Yield ETF

The AB High Yield ETF (HYFI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund of fixed income securities with high-yield credit rating and various maturities from corporate issuers around the world. Constituents are selected using a combination of quantitative and fundamental research, as well as both top-down and bottom-up analysis. HYFI was launched on May 15, 2023 and is managed by AB Funds.